Technical Analysis of Cotton: 01 April 2017
Analysis done based on data till 31 March '17
Cotton bounced from ~76 on a Bullish Candle with Higher Volume on 31 March 2017.
Although Technicals indicators are not yet bullish, it might be a sign that Cotton might go up this week.
Cotton has been on an up move from March 2016.
It faced Resistance at 78 in Aug '16 and recently at 79.
If it could cross 78-79 Resistance again, 84 is a possibility.
Hope to do next analysis in a week.
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